Experiencing Marketing at the Marketplace .
In Experiencing Marketing at the Marketplace, I was far from the desired profit. I would probably get fired for it. I had a little trouble comparing my brands and advertising with the other companies. I did make more progress than the previous quarters. .
In the fourth quarter, I made $2,544,592. I made 57.6 percent of the market share in the Workhorse market and 41.4 percent of the market share in the Mercedes market. I did not do so well in the Traveler market, however. I only captured 1.4 percent of their market share. I had three brands in this quarter and did a considerable amount of advertising. .
The fifth quarter I did considerably better. My profit for the month was $6,021,152. I gained 51.6 percent of the Workhorse market share and 36.7 percent of the Mercedes market share. I only gained 1.1 percent of the Traveler market. I decided in this quarter to develop a couple new brands to take advantage of the new developments our team has come up with. I developed one brand toward my target market, the Workhorses. I used the new technology to develop a brand that was still inexpensive but had newer devices and upgrades. I developed the other brand to satisfy the needs of the Traveler market. I did more advertising in this quarter as well.
The sixth quarter proved even better for me. I made $8,684,544, still far from the desired profit of the company. I made 58.4 percent of the Workhorse market, 18.0 percent of the Mercedes market, and a surprising 14.5 percent of the Traveler market. The new brand and advertising worked well in this quarter.
My biggest problem in this game was keeping track of my competition. If I would have had a better way to keep track of how my competition was doing and their strategies, I probably would have done better. I was not sure how to compare my brands and advertising with my competition. It was a little difficult to see all of the companies and how they advertised in this format.